BorgWarner (BWA)

• Market cap: $6.85B
• 1 day: 0.55%
• 5 days: -3.95%
• 1 month: -2.34%
• 3 months: -6.34%
• 6 months: -3.21%
• Year to date: 0.03%
• 1 year: -6.42%
• 5 years: -9.00%
• 10 years: -45.46%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

About: BorgWarner is a tier one supplier of turbo and thermal management technologies, drivetrain systems, powerdrive systems, and battery and charging systems mostly to automotive original equipment manufacturers. Its products aim to move a vehicle with as few electrons as possible, resulting in cleaner, cost-optimized, and more-efficient vehicles. Foundational products, the combustion vehicle business, contributes more than 80% to group revenue while BorgWarner transitions to becoming an electric vehicle-centric parts supplier (e-business). In 2023, 25% of the company's revenue was sourced from Volkswagen and Ford. Revenue is well diversified geographically, with approximately a third each generated in North America, Europe, and Asia.

Employees: 39,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

82% more call options, than puts

Call options by funds: $50.2M | Put options by funds: $27.6M

5% more capital invested

Capital invested by funds: $7.27B [Q2] → $7.65B (+$378M) [Q3]

5% less funds holding

Funds holding: 626 [Q2] → 596 (-30) [Q3]

6.44% less ownership

Funds ownership: 98.94% [Q2] → 92.5% (-6.44%) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 200 | Existing positions reduced: 251

26% less first-time investments, than exits

New positions opened: 68 | Existing positions closed: 92

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 1% downside
• Avg. target: $41 30% upside
• High target: $49 56% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

JP Morgan Ryan Brinkman 41% 1-year accuracy 15 / 37 met price target	56% upside $49	Overweight Maintained	27 Jan 2025
Barclays Dan Levy 30% 1-year accuracy 12 / 40 met price target	37% upside $43	Overweight Maintained	22 Jan 2025
Goldman Sachs Kash Rangan 63% 1-year accuracy 19 / 30 met price target	1% downside $31	Neutral Maintained	16 Jan 2025
Wells Fargo Colin Langan 26% 1-year accuracy 9 / 35 met price target	28% upside $40	Overweight Maintained	16 Dec 2024
Guggenheim Ronald Jewsikow 36% 1-year accuracy 9 / 25 met price target	31% upside $41	Buy Reiterated	12 Dec 2024